SIAC awards ₹23.7 Cr to Amazon in Future Group dispute and ₹77 Cr towards Legal Costs of the Arbitration

The Amazon-Future Group dispute originated from Amazon’s 2019 investment of ₹1,431 crore to acquire a 49% stake in Future Coupons Private Limited (FCPL), a subsidiary of Future Group. This investment was designed to give Amazon indirect access to Future Retail Limited (FRL), India’s second-largest retail chain operating Big Bazaar stores, since foreign companies face restrictions…

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Price, specs, and launch offers

Tech Desk 03 June 2025, 03:32 AM IST Available through Amazon and the iQOO India e-store, early buyers will also receive a complimentary pair of iQOO TWS 1e earphones, which retail at ₹1,899. iQOO Neo 10 New Delhi: The iQOO Neo 10 goes on sale today (June 2) at 12 PM IST for users who…

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Amazon debuts Ocelot, its first quantum computing chip

Amazon Web Services (AWS) has introduced Ocelot, its first quantum computing chip. The news brings it into line with its big cloud rivals Microsoft and Google, which have also unveiled their own quantum chips in recent months, respectively Majorana and Willow. The cloud computing giant has long been investing in the quantum computing space, starting…

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Amazon revamps Alexa with generative AI for enhanced voice assistance

Amazon on Wednesday unveiled the first major overhaul of its Alexa voice assistant since its introduction more than a decade ago, embedding it with generative artificial intelligence. Amazon included generative artificial intelligence into its Alexa voice assistant on Wednesday, marking the first significant update to the voice assistant since its launch over ten years ago.(Bloomberg)…

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